Episode 270: Ergodicity In Investing And Life, A Listener's Golden Ratio Portfolio, Dividend Truths And Portfolio Reviews As Of June 23, 2023
Risk Parity Radio
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The Importance of Uncertainty
In an uncertain world, you have non-ergodic systems which are often complex and can break apart or collapse in unpredictable ways. That's why things like the 4% rule actually work pretty well in just estimating how much money you need for retirement. In something involving uncertainty, often you are better off just following rules of thumb because you're really just trying to avoid ruin.
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